In the local market, gold price per tola gained Rs2,200 to reach fresh all-time high of Rs306,200.

Similarly, 10-gram gold was sold at Rs262,517 after it recorded an increase of Rs1,886, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Globally, gold prices held steady on Friday and were poised for a seventh consecutive weekly gain as US President Donald Trump’s plans to impose reciprocal tariffs on every country taxing US imports fuelled concerns of a global trade war.

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Gold prices reach unprecedented high in Pakistan

Gold prices hit record high in Pakistan

Gold prices reach unprecedented high in Pakistan

The international rate of gold also reached a record high. As per APGJSA, the rate was at $2,933 per ounce (with a premium of $20) and was up by $20 during the day.

Meanwhile, silver price increased by Rs83 to clock in at Rs3,450 per tola.

On Thursday, gold price per tola in Pakistan gained Rs2,500 to reach then all-time high of Rs304,000.